Banque Pictet & Cie SA Makes New $7.52 Million Investment in iShares Global Infrastructure ETF $IGF

Banque Pictet & Cie SA purchased a new stake in iShares Global Infrastructure ETF (NASDAQ:IGF) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 122,195 shares of the company’s stock, valued at approximately $7,522,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Patriot Investment Management Group Inc. lifted its position in iShares Global Infrastructure ETF by 4.3% during the 3rd quarter. Patriot Investment Management Group Inc. now owns 10,030 shares of the company’s stock valued at $617,000 after purchasing an additional 410 shares during the period. Financial & Tax Architects LLC bought a new position in iShares Global Infrastructure ETF in the third quarter valued at approximately $464,000. Mather Group LLC. acquired a new stake in iShares Global Infrastructure ETF during the 3rd quarter worth $42,000. First Heartland Consultants Inc. acquired a new stake in iShares Global Infrastructure ETF during the 3rd quarter worth $210,000. Finally, Farther Finance Advisors LLC grew its holdings in iShares Global Infrastructure ETF by 36.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 119,583 shares of the company’s stock worth $7,362,000 after acquiring an additional 32,019 shares during the period.

iShares Global Infrastructure ETF Stock Performance

Shares of iShares Global Infrastructure ETF stock opened at $63.84 on Friday. The firm has a fifty day moving average of $64.03 and a two-hundred day moving average of $65.96. The stock has a market capitalization of $10.60 billion, a price-to-earnings ratio of 20.10 and a beta of 0.62. iShares Global Infrastructure ETF has a 52 week low of $60.58 and a 52 week high of $69.60.

iShares Global Infrastructure ETF Company Profile

The iShares Global Infrastructure ETF (IGF) is an exchange-traded fund that is based on the S&P Global Infrastructure index, a market-cap-weighted index of global infrastructure companies. IGF was launched on Dec 10, 2007 and is managed by BlackRock.